Fortum continues to improve profit

Fortum's first quarter resultsimproved significantly with comparable operating profit increasing by 92million euros to 405 million euros. The higher achieved power price incombination with high hydro volumes strengthened the results of the Generationsegment.

According to Fortum's President andCEO Pekka Lundmark, the integration of the Hafslund business contributedpositively to the results of the City Solutions and Consumer Solutionssegments.

– I am also pleased that TeollisuudenVoima has reached a settlement with the supplier consortium of the Olkiluoto 3nuclear reactor, which ended a dispute that has dragged on for several years.The agreement enables the successful finalisation of the project, Lundmark addsin a press release concerning the results after the first quarter of 2018.